Evergreen Advisors Capital is excited to announce the release of our 2023 Q3 Market Update for the Aerospace, Defense, & Government Services Market. This comprehensive report offers industry insights, highlighting noteworthy transactions, an analysis of M&A and private placement activity, and essential data on valuation metrics and stock price performance.
Why Hire an Outsourced / Fractional CFO?
In today’s rapidly evolving business landscape, companies face numerous challenges in managing their financial operations effectively. From navigating complex regulations to optimizing financial strategies, the role of a Chief Financial Officer (CFO) is paramount in ensuring a company’s financial health and strategic growth. However, for many small and medium-sized businesses (SMBs), hiring a full-time, in-house CFO may not be feasible due to various constraints such as budget limitations or lack of need for a full-time executive. In such cases, outsourcing CFO services emerges as a compelling solution that offers numerous benefits and strategic advantages.
1. Cost Efficiency
One of the primary reasons businesses opt for outsourced CFO services is the cost efficiency it provides. Hiring a full-time CFO entails significant expenses, including salary, benefits, and overhead costs. In contrast, outsourcing CFO services allows companies to access high-level financial expertise without the hefty price tag associated with a full-time executive. By paying for services on an as-needed basis, businesses can effectively manage their financial resources and allocate capital to other critical areas of operation.
[Read more…]When Not to Implement an ESOP: Considerations for Businesses
Employee Stock Ownership Plans (ESOPs) have gained popularity as a way for companies to engage and incentivize their employees while providing a path to ownership. ESOPs can be a powerful tool for fostering a sense of ownership and alignment within a company. However, like any business strategy, they are not a one-size-fits-all solution. In some scenarios, there are better courses of action than implementing an ESOP. In this blog, we’ll explore some critical situations where business owners should carefully consider the risks and rewards of implementing an ESOP.
Financial Instability
ESOPs require a substantial financial commitment from the company, as cash flow is utilized to fund the ESOP transaction and to provide ESOP benefits. Implementing an ESOP could exacerbate these challenges if a business faces financial instability, such as declining revenues, mounting debt, or cash flow issues. In such cases, the priority should be stabilizing the company’s financial health before considering an ESOP.
[Read more…]Evergreen Advisors Capital advises PRKK on its sale to SPA, an Arlington Capital Partners Portfolio Company
Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Systems Planning & Analysis (“SPA”), a leading global provider of strategic advisory, systems engineering, modeling and simulation, advanced analytics, industrial policy, and program management solutions to government and defense customers, has acquired PRKK, LLC.
Founded in 2006, PRKK’s mission is the advancement of Space Domain Awareness and Space Superiority. PRKK is a recognized leader in large, cross-domain studies and analyses for clients such as the Office of the Secretary of Defense Strategic Capabilities Office (OSD SCO), U.S. Space Force, Space Security and Defense Program, and the Intelligence Community. PRKK has operations across the U.S. including Washington, D.C., Colorado Springs, CO, and Vandenberg SFB, CA.
[Read more…]Unlocking the Potential for Economic Incentives for Growth
Billions of dollars are invested into U.S. businesses every year by economic development agencies across the country. These investments come in the form of tax credits and incentives aimed at attracting, recruiting, and supporting targeted industries. However, many companies are unaware of the existence of these incentives or mistakenly believe they don’t qualify. Even those who receive incentives often fail to maximize their benefits due to various reasons. In this blog, we will explore the importance of incentives, qualifying criteria, the best time to seek incentives, and the significance of performance metrics and proof of performance reporting.
Unveiling the Incentives:
Economic development agencies offer a range of incentives to attract and retain businesses. These incentives, often provided as cash or cash-like benefits, can have a significant impact on a company’s EBITDA. Some common examples include training grants, site preparation grants, land/property donations, utility rate reductions, permit fee waivers, cash for jobs, infrastructure upgrades, railway extensions, and property tax abatements. Additionally, there are numerous project-specific incentives that are not widely publicized on economic development websites.
[Read more…]Evergreen Advisors Welcomes Back Director Will O’Donnell to Corporate Advisory Practice
Evergreen Advisors is delighted to announce the return of William O’Donnell as a Director in our Corporate Advisory Practice. With a wealth of experience spanning CPA and corporate advisory domains, Will brings a distinctive expertise to his role.
Will’s extensive skill set covers areas including estate and gift tax, ESOPs, business combinations, goodwill impairment, IRC Section 409A compliance, and more. He excels in complex financial matters, including dissenting shareholder concerns, Subchapter-S elections, and marital dissolution.
[Read more…]Evergreen’s Mike Gill Joins Loyola’s Innovation Advisory Board
Loyola University Maryland’s Simon Center for Innovation & Entrepreneurship proudly announces the formation of its inaugural advisory board, featuring prominent business leader and entrepreneur, Mike Gill, Chairman of Evergreen Advisors. This new advisory board is poised to play a pivotal role in advancing the mission of the Simon Center by offering expert guidance and leveraging their extensive networks to bolster educational programs for students and entrepreneurs in Baltimore.
[Read more…]Outsourcing CFO Services: Unlocking Growth Potential for Your Company
In today’s dynamic business landscape, companies are constantly seeking innovative ways to streamline operations, optimize resources, and drive growth. One area that plays a pivotal role in achieving these objectives is financial management. As businesses strive to reach the next level, the question arises: Should you hire an outsourced CFO? In this blog post, we will explore the key considerations and advantages of engaging the services of Evergreen Advisors’ Outsourced CFO advisory group to help propel your company toward success.
Defining Your CFO Needs:
Before deciding to outsource the CFO role, it is crucial to assess your organization’s requirements. What aspects of financial management could be improved or could benefit from expert guidance? Outline your wish list for taking your company to the next level. A CFO brings financial expertise, strategic insights, and valuable advice to the table, assisting the CEO and senior executives in making informed decisions.
[Read more…]Aerospace, Defense, & Government Services Market Update
Evergreen Advisors Capital is excited to announce the release of our Q2 2023 Aerospace, Defense, & Government Services Market Update. This comprehensive report offers industry insights, highlighting noteworthy transactions, an analysis of M&A and private placement activity, and essential data on valuation metrics and stock price performance.
Read more or Download Here:
[Read more…]Entrepreneur Spotlight: Simple Cell
In this edition of our Entrepreneur Spotlight, we’re thrilled to showcase one of our remarkable Outsourced CFO clients, Simple Cell, and highlight its co-founder, Nick Skelly. As a pioneering re-commerce company, Simple Cell has forged strong partnerships with manufacturers, national distributors, and big-box retailers. Their mission is to maximize the value and extend the life cycle of customer returns, overstock items, and end-of-life products. With its cutting-edge e-commerce and logistics platforms, Simple Cell is revolutionizing how products find their way into the hands of those who genuinely need them.
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